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Dollar avoids big moves ahead of Yellen testimony NEW YORK: The dollar on Monday avoided large moves against other major currencies ahead of jam-packed Tuesday that includes testimony by the head of the US central bank and other closely-watched events.The dollar notched modest increases against the British pound and the yen, while retreating a bit against the euro.US Federal Reserve Chair Janet Yellen Tuesday kicks off two days of testimony before congressional committees that are expected to focus in part on the Fed's time-frame for raising benchmark interest rates.The calendar also includes a Bank of Japan meeting, public testimony from the head of the Bank of England, a US retail sales report for June and earnings from some major US companies, including JPMorgan Chase and Goldman Sachs.Given that calendar and the plethora of "major event risk" on the horizon, investors avoided big bets Monday "before the newswires heat up," said John Kicklighter, chief currency strategist at DailyFX.Dollar watchers ...

Dollar stable vs euro as Portugal fears ease NEW YORK: The dollar and euro moved only slightly in foreign-exchange trading Friday as fears about a large Portuguese bank eased, with the market looking ahead to next week's packed economic calendar."Currency and financial markets stabilized as worries about new debt problems in Europe abated," said Joe Manimbo, senior market analyst at Western Union Business Solutions.Portuguese authorities managed Friday to ease wider market fears over the health of the country's biggest listed bank Banco Espirito ...
Euro gains for 3rd day, helped by Fed minutes NEW YORK: The euro pushed higher against the dollar for the third straight session Wednesday, helped by Federal Reserve meeting minutes which showed the US central bank still firmly dovish.But the pair remained in a narrow range, as did most major currencies amid continued stability in global rates.The minutes to the Fed's June 17-18 policy meeting contained no surprises, but did confirm that the quantitative easing bond-purchase operations, in place since 2008 to hold interest ...
Euro edges higher on dollar NEW YORK: The euro moved slightly higher against the dollar for a second day Tuesday as the wind went out of US stocks and speculation of an early US rate rise eased.But market movements in the major currencies were generally minor with few signals for any direction changes.The British pound was flat against the dollar and euro, and the yen was barely changed as well.Kathy Lien of BK Asset Management said the momentum on the ...
Euro, yen edge higher in quiet forex market NEW YORK: The euro was slightly higher against the dollar while the yen picked up a little ground in mostly quiet forex market action Monday.A fall for the third straight month in German industrial production in May hit share markets but had no real impact on the common currency.According to the economy ministry, industrial output decreased by 1.8 percent in May, after slipping by 0.3 percent in April. Manufacturing output was down 1.6 percent and ...
C$ resumes climb after jump in building permits TORONTO: The Canadian dollar strengthened against the greenback on Monday, resuming its recent climb after data showed building permits surged far more than expected in May.The bounce put the loonie on strong footing at the start of a week that features some key Canadian economic data, including housing starts and the monthly unemployment report.The value of Canadian building permits shot up by 13.8 percent in May, the fastest rate since July 2013. Those figures lifted ...
C$ weakens to session low after disappointing GDP data TORONTO: The Canadian dollar weakened to a session low against the greenback on Monday after data showed the domestic economy grew at a slower pace than expected in April.The Canadian dollar was at C$1.0696 to the greenback, or 93.49 U.S. cents, weaker than Friday's close of C$1.0661, or 93.80 U.S. cents. The loonie touched a session low of C$1.0697 shortly after the data was released. Copyright Reuters, 2014 ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
Arrow DAX 9,479.03 0.09
Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
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WeeklyAugust 28, 2014
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